FAQ: New Silver's Small-Balance Commercial Real Estate Loan Program

What is New Silver’s new loan program about?

New Silver has launched a small-balance commercial real estate loan program providing short-term financing options ranging from $2 million to $15 million for experienced real estate investors. The program targets multifamily, mixed-use, retail, and industrial properties with terms of 12 to 24 months.

What types of properties qualify for this loan program?

The program covers multifamily, mixed-use, retail, and industrial properties. It is designed for purchases, purchases with rehabilitation, and refinances of these commercial property types.

What are the loan terms and amounts available?

The program offers loans from $2 million to $15 million with terms of 12 to 24 months. It provides up to 70% loan-to-after-repair-value (LTARV) and up to 80% loan-to-cost (LTC) ratios.

Who is eligible to apply for these loans?

The program targets experienced real estate investors with at least two years of experience and five completed projects. It is designed for seasoned investors who meet these qualification criteria.

Why is this loan program significant for real estate investors?

This program expands New Silver’s offerings beyond residential real estate, providing experienced investors with specialized commercial financing options. It positions New Silver as a nationwide capital partner for seasoned investors seeking small-balance commercial loans.

How does New Silver operate as a lending platform?

New Silver is a fintech company that uses data and technology to provide fast approvals and certainty of execution while maintaining high-touch customer service. Their mission is to improve local communities by providing fast, convenient, and flexible capital to real estate investors.

Where is New Silver located and where do they operate?

New Silver is headquartered in Connecticut and has a global presence. The company operates nationwide as a capital partner for real estate investors across the United States.

Where can I find more information about New Silver and this program?

For more information about New Silver, visit their website at https://newsilver.com. To view the full press release about this program, visit https://ibn.fm/RRwJx.